Bulgaria Registers 4.8% Inflation Y/Y in May 2011
The consumer price index (CPI) in Bulgaria in May 2011, compared to April 2011, was 100%, meaning the monthly inflation was 0%.
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Bulgarian FinMin Bent on Privatization, Sacking
Bulgaria plans to put out four or five important companies for privatization, announced Minister of Finance Simeon Djankov.
Sofia Office of Bulgarian Tax Authority Reshuffled
The manager team in charge of control activities of the Sofia Territorial Directorate of the National Revenue Agency (NRA) was dismissed Monday, according to an NRA statement.
Bulgarian FinMin: No Pensions, Wages Increase July 1
Bulgarian Minister of Finance Simeon Djankov has thrown into further confusion the public perception of the cabinet's plans, in saying Saturday that a planned increase in retirement pensions and minimum wages is not in order for July 1.
Bulgaria's Political Parties Set to Benefit from Raising Minimum Wage
Political parties in Bulgaria will receive higher state subsidies if the Borisov Cabinet fulfills its intention to raise the minimum monthly salary from BGN 240 to BGN 270.
Bulgarian President Snubs Finance Minister's Fiscal Board
Bulgaria's President Georgi Parvanov has declared principled differences with Finance Minister Simeon Djankov over the latter's "Financial Stability Pact", an initiative to amend the Constitution.
Bulgaria's Finance Minister Yields Ground on Fiscal Board Vote after Meeting President
The parliamentary vote on the proposed changes to the Bulgarian Constitution to adopt a Financial Stability Pact is likely to put off till after the presidential and local elections in the fall of 2011, according to Finance Minister Djankov.
Bulgarian Economy Grows 3.4% in Q1 y/y
The Bulgarian economy expanded by 3.4% in the first quarter of the year on an annual basis, revised data of the statistics office showed on Wednesday, well above the flash data published a month ago.
Bulgarian Parliament to Discuss Minimum Wage Rise
Bulgaria's Parliament is to discuss Wednesday the potential increase of the country's minimum monthly wage, proposed by Social Minister Totyu Mladenov.
Bulgarian C-Bank Head Assuages Fears of Greek Banks Collapse
Greek banks are a warrant for the stability of the Bulgarian bank system, according to the Head of Bulgaria's Central Bank, BNB, Ivan Iskrov.
Bulgarian Court Rules 'Nationalization' of Private Retirement Funds Illegal
Bulgaria's Constitutional Court declared the transfer of deposits in private retirement funds to the National Social Security Institute (NOI) anti-constitutional.
Industry Watch: Bulgaria's Budget Deficit Might Worsen over Elections
Bulgaria's budget deficit and fiscal reserve might be affected negatively by the presidential and local elections in the fall of 2011, according to Industry Watch, a Sofia-based consultancy.
Bulgaria's PM Proclaims Raise of Minimum Wage
Bulgaria's minimum month salary will be increased from BGN 240 to BGN 270, Prime Minister Boyko Borisov declared on Sudany.
Bulgarian Ethnic Turkish Party 'Pessimist' on Fiscal Stability Pact
The Bulgarian ethnic Turkish party - the Movement for Rights and Freedoms - might not back the so-called "Financial Stability Pact" proposed by the cabinet over what it sees as severe drawbacks.
Moody's: Bulgarian Bank System Outlook Remains Negative
The outlook for the Bulgarian bank system stays negative, confirmed a report by the Moody's rating agency published Wednesday.
Bulgaria Registers Budget Surplus in April Thanks to Central Bank Contribution
Bulgaria registered a monthly surplus of BGN 190.5 M in April 2011, the second month in a row with a positive balance, the Finance Ministry announced.
Bulgaria's Banking System Stable, Corporate Lending on the Rise
Data on Bulgaria's banking system as of April 30, 2011, has indicated no negative change in its financial stability, according to the latest report of the Bulgarian National Bank (BNB).
Bulgaria Moves to Amend Constitution over Proposed Fiscal Pact
The Bulgarian parliament will debate on Wednesday the establishment of an ad hoc body to deal with constitutional amendments, proposed by Finance Minister Simeon Djankov.
Bulgaria's Rightists Divided over Proposed Fiscal Pact
The two major parties in Bulgaria's rightist 'Blue Coalition' have ended up in a discord over their support for the Financial Stability Pact, a Constitutional amendment proposed by Finance Minister Simeon Djankov.
Bulgaria's Ruling Party 'Optimistic' about Minimum Salary, Pension Raise
Bulgaria's Labor Minister Totyu Mladenov has joined the chorus of senior government officials declaring that they are "highly optimistic" about the prospects of raising the minimum.
Bulgarians Struggle with Shrinking Average Incomes
The income of an average Bulgarian household member has been a mere BGN 868 (about EUR 447) in the first quarter of 2011, which indicates a 2.
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